Shenzhen Stock Exchange: The Gem Index Has Been Officially Released In June 1St

The Shenzhen Stock Exchange recently announced that in order to meet the development needs of the growth enterprise market, the gem index was officially released in June 1, 2010.

The gem index will form a core index reflecting the operation of listed stocks of Shenzhen Stock Exchange, together with Shenzhen Composite Index and small and medium board index.

The leaders of the Shenzhen Stock Exchange indicated that the launch of the gem index marks a new period of development after the smooth start of the gem, marking the establishment of a multi-level capital market index system.

First of all, highlighting the operational characteristics of the gem as a relatively independent market level, enhancing its influence and service capabilities; secondly, comprehensively and objectively reflecting the overall price changes and trends of gem stock, providing authoritative reference indicators for investors; third, providing new targets for the development of index linked products, so that investors can invest more effectively in the GEM market and share the growth of listed companies on GEM.

The leaders of the Shenzhen Stock Exchange indicated that as an important part of China's multi-level capital market, gem has received the active attention and participation of investors since its launch, and the market has high expectations and urgent needs for the launch of the gem index.

After more than half a year's operation, the growth enterprise market has begun to take shape.

As of May 28th, there were 86 listed companies on GEM, with a total market value of 383 billion 459 million yuan and a circulation market value of 86 billion 247 million yuan. At present, the structure of investors is improving day by day, and the overall performance of the market has stabilized.

The upcoming gem index includes price index and yield index two, the gem price index is the main index, referred to as "gem index", the code is "399006", the gem index is called "gem R", the code is "399606".

The base date of the gem index is May 31, 2010, with a base point of 1000 points.

As an important component of the multi index system of Shenzhen Stock Exchange, the gem index compilation scheme has absorbed the successful experience of Shenzhen stock index series, and has made innovations in the light of the characteristics of the GEM market.

First of all, the index selection is based on the two indexes of the market share of the circulation market value and the market share of the paction volume, which reflects the characteristics of the high market value and high turnover of the Shenzhen stock market. Secondly, the index calculates the "accurate value" of the "free circulating capital" of the sample stock as the weight, eliminating the leverage effect caused by the stock structure, making the index performance more sensitive, accurate and truthful. Third, the index sample stock adjustment is carried out once a quarter to reflect the characteristics of the rapid growth of the growth enterprise market.

The gem index can comprehensively and objectively reflect the overall price trend of GEM stocks, highlighting the operational characteristics of gem as an independent market level, providing an authoritative reference index for investors in GEM market, and providing new targets for the development of index products, which is conducive to further promoting the continuous and healthy development of multi-level market construction and growth enterprise market.